Karnataka: I-T dept raids mining baron Janardhan Reddy’s offices in Bellary
The income tax department conducted raids on Monday in Karnataka’s Bellary city on the offices of mining baron G Janardhan Reddy, who made headlines earlier this month by throwing a lavish wedding ceremony for his daughter.india Updated: Nov 21, 2016 16:15 IST
The income tax department conducted raids on Monday in Karnataka’s Bellary city on the offices of mining baron G Janardhan Reddy, who made headlines earlier this month by throwing a lavish wedding ceremony for his daughter.
The raids are being conducted on the offices of Obulapuram Mining Company and Associated Mining Company, the two companies through which Reddy conducted the iron ore mining business. Reddy is facing charges of corruption over alleged illegal mining of iron ore in the district.
Confirming the development, an official with the I-T department said “departmental action is ongoing”.
Reddy, part of the powerful Bellary brothers who amassed huge fortunes in mining, attracted criticism for the ostentatious wedding – which was said to have cost in excess of Rs 500 crore.
Attacks on him were especially sharp because the ceremony came at a time the rest of the country was reeling under a cash crunch following a shock scrapping of high-value currency.
At the time, Karnataka chief minister Siddaramaiah said it was for the I-T department to take up the issue of the lavish spend despite Reddy’s property being attached in a corruption case.
Reddy has been out on bail since January 2015 on the direction of the Supreme Court. Reddy was only last month allowed by the top court to visit the district from November 1 to 21 because of his daughter’s wedding. He was not allowed earlier as it was feared that he would influence witnesses in the ongoing cases.